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40% of Intel’s revenue comes from Sandy-Bridge processor

Intel has invested $9.4 billion in Israel to date, Intel Israel general manager Maxine Fassberg said at the company’s annual press conference at its Fab 28 in Kiryat Gat today. According to a Globes report, Fassberg told the press conference …

Intel has invested $9.4 billion in Israel to date, Intel Israel general manager Maxine Fassberg said at the company’s annual press conference at its Fab 28 in Kiryat Gat today. According to a Globes report, Fassberg told the press conference that the Sandy Bridge processor, which was developed in Israel, accounts for 40 percent of the chip giant’s revenue.

Globes reported that Intel Israel made $628 million in reciprocal procurements from Israeli companies and estimates its contribution to the Israeli economy at $4.1 billion.

Intel Israel’s operations have led to the founding of 230 companies that have hired 250 employees a year since 2006. “When we’re asked what is Intel’s added value to the Israeli economy, I think that this is a nice example, on top of the export numbers,” Fassberg was quoted as saying.

According to the report, Fassberg said Intel Israel currently has 7,800 employees and would hire another 600 employees in 2012.

The press conference also touched on Intel’s Ivy Bridge processor.

Last May Intel announced that Intel Israel in Kiryat Gat will produce the new Ivy Bridge processor, making it one of only two manufacturing factories worldwide to assemble the new technology.

About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.